Indian Polity · Polity
What is the primary function of the Finance Commission in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To prepare and audit the annual financial statement or Union Budget
- 2To advise the President on the implementation of national financial emergency protocols
- 3To allocate developmental funds to various ministries of the Union and State Governments
- 4To make recommendations on the distribution of net proceeds of taxes between the Centre and the States✓
Correct answer
To make recommendations on the distribution of net proceeds of taxes between the Centre and the States
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